Document Type
Blog Post
Publication Date
4-25-2024
Abstract
Back in December of 2022, the European Union (EU) adopted the Foreign Subsidies Regulation which requires notification and approval for certain mergers and other deals that ‘distort’ the internal market through receipt of foreign subsidies. One of the central concerns for the European Commission (Commission) in adopting this rule was curbing the “unfair advantage” that subsidies create over domestic companies in attempting to win contract bids. This regulation went into effect in July 2023 and has recently been put to work with the first in-depth foreign subsidy probe of the Bulgarian Ministry of Transport and Communications’ contract to acquire twenty trains from CRRC Qingdao Sifang Locomotive Co. for лв1.2 billion (Bulgarian lev).
This post was originally published on the Cardozo International & Comparative Law Review on April 25, 2024. The original post can be accessed via the Archived Link button above.
Recommended Citation
Perez, Hannah, "Foreign Subsidy Regulation – Will the United States Follow the European Union, or Lead from Behind?" (2024). Cardozo International & Comparative Law Review Blog. 109.
https://larc.cardozo.yu.edu/ciclr-online/109
